Industrial Wireless Market in Process Industries | Market Size to Grow by $ 2.70 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the industrial wireless market in process industries market and it is expected to grow by $ 2.70 bn, accelerating at a CAGR of almost 10% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Industrial Wireless Market In Process Industries Market: Emerging Trends to Impact Market Growth

Wireless technologies deployed in industries can substantially improve the outcomes of business operations in terms of finances, efficiency, productivity, and customer service. The use of Wi-Fi technologies in industrial facilities helps businesses to reduce the cost of installation, which includes physically laying out wired connections. A high degree of flexibility and mobility is also provided to workers who can stay connected with the mainframe server using portable devices. This allows business owners to keep track of multiple facets of the businesses without being restricted to one location. These benefits will drive the adoption of such products which will boost the growth of industrial wireless in process industries.

This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Industrial Wireless Market In Process Industries Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Belden Inc., Cisco Systems Inc., Eaton Corporation Plc, Hewlett Packard Enterprise Development LP, Honeywell International Inc., Huawei Investment and Holding Co. Ltd., Rockwell Automation Inc., Schneider Electric SE, and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

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